Mittal

Views:
 
Category: Education
     
 

Presentation Description

No description available.

Comments

Presentation Transcript

PowerPoint Presentation:

Mittal-Arcelor merger to keep prices firm Copyright@vinod.kr.sharma-ghs-imr

PowerPoint Presentation:

The world's two biggest steel makers Mittal and Arcelor are likely to melt into one, and are expected to bring pricing power back into the steel space. And it showed up on price movements of key steel stocks on Friday ( 27/01/06) SAIL saw a sharp spike after the Mittal-Arcelor news, despite announcing poor quarterly results and Tata Steel also jumped up sharply around the same time. Mittal-Arcelor merger

PowerPoint Presentation:

Mittal Steel is the world's largest and most global steel company. It ships of 42.1 million tons of steel and has revenues of over $22 billion in 2004. It owns steel-making facilities in 14 countries and sales and marketing offices in a further 11. It employ 175,000 people spanning 45 different nationalities. Their shares are listed on the New York and Amsterdam stock exchanges.

PowerPoint Presentation:

Mittal Steel produces a broad range of high-quality finished and semi-finished products. Mittal Steel is among the most efficient steel producers in the world among the most advanced steel makers, operating a range of modern technologies. We have pioneered the use of direct reduced iron (DRI) as a raw material source and are now the world’s biggest producer of DRI. With two technical research facilities, our product development teams are ready to meet the needs of the most demanding customers.

PowerPoint Presentation:

Arcelor is a leading player of the global steel industry. With a turnover of 30 billion euros in 2004, the company holds leading positions in its main markets: automotive, construction, household appliances and packaging as well as general industry. Arcelor employs 94 000 associates in over 60 countries.

PowerPoint Presentation:

Key figures 2004 Revenues 30 billion euros Production 47 million tonnes of steel Gross Operating Result 4 341 million euros Operating Result 3 194 million euros Net Result (Grp Share) 2 314 million euros People: 94,000 employees in over 60 countries

PowerPoint Presentation:

Key figures 2004 ( Ist qtr.) Revenues US$6.2 billions Production 10.1million tonnes of steel Gross Operating Result US$1.7 billions People: 175,000 employees in over 60 countries

PowerPoint Presentation:

Analysts feel that if the Mittal-Arecelor deal comes through, it will reduce the cut-throat competition in the global steel space and help control supplies at a time when the demand for steel has been declining steadily. It will help stabilise steel prices across the world, including India, where prices have slumped by 30 per cent in the past 18 months. But there are many others who feel this is not going to impact Indian steel prices. Most steel majors have posted poor results this quarter, and yet analysts say the steel cycle has already started turning upwards. And now, the Mittal-Arcelor consolidation news will come as an added boost. Impact on industry

authorStream Live Help